UBS plans contingent 6.4% trigger callables on Stoxx, S&P, Russell

By Susanna Moon

Chicago, Sept. 26 – UBS AG, London Branch plans to price trigger callable contingent yield notes due Oct. 1, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 6.4% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any review date other than the first and final valuation dates.

The payout at maturity will be par unless any index finishes below its 55% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Sept. 28.

The Cusip number is 90270KUG2.

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